cover

A New Foundation for Behavioral Economics

Homo Communitatis

Authors: Jeffrey, H.

Buy this book

eBook $89.00
price for USA in USD (gross)
  • The eBook version of this title will be available soon
  • Due: October 12, 2024
  • ISBN 978-1-137-49801-4
  • Digitally watermarked, DRM-free
  • Included format:
  • ebooks can be used on all reading devices
Hardcover $115.00
price for USA in USD
  • Customers within the U.S. and Canada please contact Customer Service at +1-800-777-4643, Latin America please contact us at +1-212-460-1500 (24 hours a day, 7 days a week).
  • Due: October 12, 2024
  • ISBN 978-1-137-49800-7
  • Free shipping for individuals worldwide
About this book

The existing paradigm for economics has long been acknowledged to be an inadequate model of economic behavior, just as Ptolemaic astronomy was an inadequate model of the movement of the planets. Existing behavioral economics amounts to adding epicycles to the failed paradigm. This book presents a systematic, precise, and complete framework for human economic behavior, constituting a new paradigm for the field. Since the beginning of the field of economics, it has rested on two foundational principles: 1) Choice is choice of 'basket of goods,' and 2) All uncertainty is modeled by probability. This work replaces both of those foundations with new ones by beginning with the observed facts about human behavior in the face of uncertainty. Homo Communitatis begins with a precise and complete formulation of the concept of human community, incorporates a systematic formulation of the concept of behavior going far beyond the traditional physical-process model, and shows how economic behavior is universally a matter of behavior of individuals in communities, and must be studied and modeled as such. The formulation of community and behavior is fully formalized, using the method of Aspect Specifications of States of Affairs.

About the authors

H. Joel Jeffrey is Professor in the Psychology-Computer Science Department at the Northern Illinois University, USA. He has published several articles in academic journals including The Journal of Behavioral Finance, The Journal of Social Psychology, and Advances in Descriptive Psychology.

Buy this book

eBook $89.00
price for USA in USD (gross)
  • The eBook version of this title will be available soon
  • Due: October 12, 2024
  • ISBN 978-1-137-49801-4
  • Digitally watermarked, DRM-free
  • Included format:
  • ebooks can be used on all reading devices
Hardcover $115.00
price for USA in USD
  • Customers within the U.S. and Canada please contact Customer Service at +1-800-777-4643, Latin America please contact us at +1-212-460-1500 (24 hours a day, 7 days a week).
  • Due: October 12, 2024
  • ISBN 978-1-137-49800-7
  • Free shipping for individuals worldwide

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Bibliographic Information

Bibliographic Information
Book Title
A New Foundation for Behavioral Economics
Book Subtitle
Homo Communitatis
Authors
Copyright
2024
Publisher
Palgrave Macmillan US
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-1-137-49801-4
Hardcover ISBN
978-1-137-49800-7
Edition Number
1
Number of Pages
256
Topics